5 Business Lessons For Nigerians Who Are Turning 30

Starting a business as a young man is very daunting. For some, they dont have the capital to startup and for others, they are too scared to leave their comfort zone and start something on their own. Either way, there are some fundamental business lessons you should know as you face your daily challenges especially before you turn 30. This will definitely help when you, if you eventually decide to start your business.Time is your most important resourceThe adage that time is money is a very popular saying in Nigeria. So, you have to be conscious of time in everything you do especially when it comes to starting a business. The sooner you start something, the better for you.Communication can fix any problemCommunication cant be underrated when it comes to business. It cant resolve any problem and misunderstandings. Communicating the right way can help you come up with mutually agreeable solutions. You can use the7cs of communicationto achieve effective communication.Aiming for perfection is a waste of timeThere is nothing new under the sun. Many others have done the same you are planning to do. You can take a different approach but dont wait until it is as perfect as your competitors before you launch. With this mindset, you will always find something wrong with your business. Hence, simply do your best and get the right things done and watch as things unfold. Leave perfection to themost-high.You are going to failNo matter your status,you are not insulated from failure. It is a phase in life you must go through. Your business may fail and you may encounter cash crunch, the important thing is not to despair. Today, young entrepreneurs dont complain of cash crunch because there are many sources of funding. Recently,Paystackraised 13 million dollarsseed funding from international investors. Interestingly,Paystackis run and managed by young Nigerians.Dont stop learningNo matter how much you know, you should not stop learning. There is enough opportunity for you to be a better leader and a better entrepreneurif you continue to learn and hone your skills. So, dont stop learning.
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